Press release
Narcotics Scanner Market Analysis and Forecast with a CAGR of 6.6% (2021-2030)
Narcotics Scanner Market
The growth of the global narcotics scanner market is driven by surge in consumption of drugs and related materials across the globe and modernization of the law enforcement agencies in developing countries. Growing requirement for improved security against the narcotics threats by using smart technologies is the key factor that is expected to fuel the growth of the narcotics scanner market during the forecast period. In 2020, by considering the end use of the narcotics scanner, airport segment garnered the leading market share. Moreover, ion mobility spectrum technology is expected to witness a leading market growth and dominate the market share during the forecast period.
Download Report (263 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/5306
In addition, market participants are entering into long term agreements and contracts with end users such as law enforcement agencies to gain competitive advantage in the global market. Asia-Pacific dominated the narcotics scanner market in 2020. The U.S., Germany, China, and India are expected to be the emerging countries in the global narcotics scanner market. The global narcotics scanner market is a fairly fragmented market with several number of players operating in the global market. Majority of the market participants are strategically involved in agreement, contract, expansion, merger, and product launch activities.
Increase in cases of smuggling worldwide and surge in alcohol and drug consumption drive the growth of the global narcotics scanner market. However, prohibition of drug tests at workplaces in some countries hinders the market growth. On the other hand, technological advancements and agreements & contracts with law enforcement and military agencies present new opportunities in the next few years.
LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report @ https://www.alliedmarketresearch.com/checkout-final/b87a7b16b989ea4cba83e2873ad6d3d8
The spread of the COVID-19 pandemic has negatively impacted the global narcotics scanners market. Overall, drug supply and trafficking proved to be resilient to COVID-19-related change. In all regions, the quantities of drugs seized decreased significantly during the second quarter of 2020, but resumed at the same or even increased levels soon after. The demand for narcotics scanner is directly associated with adoption of smart technologies for detection of the narcotic materials across the globe.
Based on region, Asia-Pacific held the largest share in 2020, accounting for more than one-third of the total share. However, North America is estimated to portray the highest CAGR of 7.8% during the forecast period.
Leading players of the global narcotics scanner industry analyzed in the research include Astrophysics Inc., Aventura Technologies, Inc., Bruker Corporation, FLIR Systems Inc., Klipper Enterprises, Nuctech Company Ltd., OSI Systems, Inc., Smiths Group PLC, Thermo Fisher Scientific Inc., and Viken Detection.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5306
David Correa
1209 Orange Street
Corporation Trust Center
Wilmington
New Castle
Delaware 19801
USA Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Narcotics Scanner Market Analysis and Forecast with a CAGR of 6.6% (2021-2030) here
News-ID: 4347554 • Views: …
More Releases from Allied Market Research
Waste Management Equipment Market to Reach $55.63 Billion by 2027, Expanding at …
Allied Market Research published a report titled, "Waste Management Equipment Market by Product Type, (Waste Disposal Equipment and Waste Recycling & Sorting Equipment), Waste Type (Hazardous and Non-hazardous), and Application (Industrial Waste, Municipal Waste, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global waste management equipment industry generated $ 45.75 billion in 2019, and is estimated to garner $55.63 billion by 2027, witnessing a…
Smart Packaging Market Poised for $38.6 Billion Valuation by 2030 as RFID and Se …
The global packaging industry is in the midst of a significant technological evolution, spearheaded by the rise of smart packaging. This innovative approach transcends the traditional function of containment and protection, transforming a product's wrapper into an intelligent system that provides real-time data and enhanced consumer interaction. The smart packaging market, which was valued at an impressive $22.25 billion in 2020, is on a steady trajectory of expansion. Forecasts predict…
Tools Market Outlook 2032: Worldwide Value to Climb to $153.2 Billion at 5.2% CA …
Allied Market Research published a report, titled "Tools Market Size by Category (Hand Tools, and Power Tools), Distribution Channel (In-Store, and Online), and End User (DIY, and Industrial & Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global tools industry generated $91.8 billion in 2022, and is anticipated to generate $153.2 billion by 2032, witnessing a CAGR of 5.2% from 2023 to 2032.
Download Sample Report…
Large Excavators Market to Reach $29.2 Billion Globally by 2032, Advancing at 3. …
Allied Market Research published a report, titled, "Large Excavators Market by Large Excavators Operating Weight (45 to 65 Tons, 65 to 100 tons, and Above 100 tons), Business Type (New Sales and Aftersales), and End User (Construction & Infrastructure, Mining & Quarrying, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global large excavators industry generated $21.9 billion in 2022, and is anticipated to generate…
More Releases for Narcotics
Major Growth Driver Identified in 2025 Narcotics Scanner Market: Rising Drug Use …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Narcotics Scanner Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the narcotics scanner has experienced a robust growth in the past few years. It is projected to flourish from $7.48 billion in 2024 to $8.03 billion in 2025 with a compound…
Rising Drug Use Amidst Global Challenges Propels Growth In The Narcotics Scanner …
Which drivers are expected to have the greatest impact on the over the narcotics scanner market's growth?
The escalating count of drug users is substantially boosting the narcotics scanner market's expansion. The COVID-19 situation has caused severe poverty, unemployment, social stresses, and mental health problems, exacerbating drug users' dependencies. Narcotics scanners are security instruments used to detect drugs and risky substances consumed by drug addicts. For instance, the Press Information Bureau,…
Narcotics Scanner Market Opportunities and Growth Forecast 2024-2031
The Narcotics Scanner Market is a dynamic and rapidly growing sector, driven by technological advancements in hardware, software, and digital infrastructure. It covers a diverse range of services such as cloud computing, cybersecurity, data analytics, and artificial intelligence. The increasing need for digital transformation across industries is propelling market growth. Emerging technologies like 5G, blockchain, and IoT are further unlocking new opportunities. With continuous innovation, the IT sector is poised…
Narcotics Scanner Market Size & Share | Growth Analysis - 2032
The narcotics scanner market focuses on devices designed to detect illegal drugs in various settings, including airports, borders, and public spaces. Technological advancements have led to more accurate, portable, and efficient scanners, driving market growth. Increased drug trafficking and stringent government regulations also contribute to demand. Key players are investing in research and development to enhance detection capabilities and user-friendliness. The market is segmented by product type, end-user, and region,…
Enhancing Security: The Role of Narcotics Scanners in Public Safety
Growth in the incidences of drug abuse globally, increased focus of the major players on technological advancementsand increasing application of narcotics scannerfora wide range of applications such as airport, train station, military, cargo, transportation, law enforcement, defense, military, critical infrastructure access control and othersare the major factors attributable to the growth of narcotics scannermarket. Data Bridge Market Research analyses that the narcotics scannermarket will exhibit a CAGR of 6.05% for the forecast period…
Narcotics Detection Equipment Market To Grow Superlatively From 2017-2025
Narcotics Detection Equipment Market: Introduction
Increased manufacturing & trafficking of narcotics as well as the growing adeptness of traffickers in carrying narcotics has made it difficult for the authorities to locate them. To overcome this problem and to prevent trafficking and arrest smugglers, the authorities require technology which can locate narcotics positively.
The narcotics detection equipment is used for easy, reliable and safe inspection. It plays a significant role in preventing…
